1 Big Reason Agree Realty Is Outperforming the S&P 500
"Volatile" would seem to be an apt word to describe the stock market this year. Uncertainty about the macroeconomic climate mixed with decades-high inflation has traders looking for safe havens and their actions resulted in a bear market, sending many retail investors running.
The S&P 500 remains down about 15.5% for the year, with some individual stocks down 50% or more. Agree Realty (NYSE: ADC) is one of a select group of stocks that has withstood this year's volatility pressures and is trading down just over 1% year to date.
This net lease real estate investment trust (REIT) invests in retail properties and is admittedly rather boring in terms of its operations. But maybe that's part of the secret of its success this year. Why is this rather boring dividend stock able to outperform the S&P 500?
Source Fool.com
